General Flashcards
What is a Baseline?
Reference levels used to monitor and control an entity
Once a Baseline Management Product is approved, what is it then subject to?
change control
What is a Management Product?
A product required as part of managing the project.
What is a Specialist Product?
Deliverable or Output
What is an Exception?
A deviation beyond the tolerance levels agreed between the Project Manager and the Project Board
What is a Tolerance?
The permissible deviation above and below a plans target for time and cost, without escalating to the next level of management.
When is Tolerance applied?
At project stage and team levels
What is a Portfolio?
All the stand-alone projects being undertaken by an organisation
What is a Programme?
A temporary organisation created to coordinate, direct and oversee the implementation of a set of related projects and activities to deliver outcomes and benefits related to the organisations strategic objectives.
A programme is likely to have a life that spans several years. (E.g - making tax digital programme)
What is a Project?
A temporary organisation created to deliver business products to an agreed Business Case.
What are the 4 levels of management in a Prince2 project?
- programme management
- project board
- project manager
- team manager
What are the 3 types of Management Product?
- baselines
- records
- reports
